JERSEY SHORE PREMIUM OUTLETS® THE SIMON EXPERIENCE — WHERE BRANDS & COMMUNITIES COME TOGETHER

More than real estate, we are a company of experiences. For our guests, we provide distinctive shopping, dining and entertainment. For our retailers, we offer the unique opportunity to thrive in the best retail real estate in the best markets.

From new projects and redevelopments to acquisitions and mergers, we are continuously evaluating our portfolio to enhance the Simon experience - places where people choose to shop and retailers want to be.

We deliver:

SCALE Largest global owner of retail real estate including Malls, Simon Premium Outlets® and The Mills®

QUALITY Iconic, irreplaceable properties in great locations

INVESTMENT Active portfolio management increases productivity and returns

GROWTH Core business and strategic acquisitions drive performance

EXPERIENCE Decades of expertise in development, ownership, and management That’s the advantage of leasing with Simon. PROPERTY OVERVIEW

JERSEY SHORE PREMIUM OUTLETS® TINTON FALLS, NJ

MAJOR METROPOLITAN AREAS SELECT TENANTS JERSEY SHORE 36 PREMIUM OUTLETS Tinton Falls New York, NY: 60 miles north Ann Taylor Factory Store, Banana Republic Factory Store, TINTON FALLS, NJ

k r Philadelphia, PA: 75 miles southwest BCBGMAXAZRIA, Brooks Brothers Factory Store, Burberry, Calvin o Y

w 66 Klein Company Store, Coach, Cole Haan Outlet, DKNY, Elie Tahari e

N Outlet, Gap Factory Store, J.Crew Factory, kate spade new york, Exit 100A RETAIL Neptune Kenneth Cole Company Store, LACOSTE Outlet, Michael Kors Outlet, 18 GLA (sq. ft.) 434,000; 120 stores NikeFactoryStore, Puma, Talbots, Theory, Tommy Hilfiger Company 33 Store, Under Armour Factory House 34 OPENING DATE TOURISM / TRAFFIC Opened 2008 Garden State Pkwy. 35 Belmar The New Jersey Shore region (Monmouth and Ocean Counties) is part

of the country’s largest metropolitan market, less than an hour from New elph RADIUS POPULATION Philad ia 138 York City and about 1 1/2 hours from Philadelphia. Over 20 million people 195 15 mile population: 834,030 live within 60 miles of the site. Monmouth County was recently named as 30 mile population: 3,692,468 one of Money Magazine’s “Best Places to Live in America.” 45 mile population: 14,223,341 The New Jersey Shore offers more than 65 miles of sparkling ocean beaches plus an abundance of bay, river, and lake beaches. The area AVERAGE HH INCOME hosts Gateway National Park, Jenkinson’s Boardwalk, Monmouth Park 30 mile average: $87,486 Racetrack, the PNC Bank Arts Center, the historic Tuckerton Seaport, the Lakewood Blue Claws baseball team, Six Flags Great Adventure and Wild Safari, and much more. The center is located just 2.5 miles from Asbury Park, the birthplace of New Jersey rock and roll, including the Stone Pony and Paramount Theatre.

LOCATION / DIRECTIONS

Off the Garden State Parkway at Rte. 66 (Exit 100A), Tinton Falls, New Jersey.

— Garden State Parkway, Exit 100A to Rte. 66E, access to property via new overpass

Information accurate as of 5/1/15. Sources: SPG Research; trade area demographic information per Pitney Bowes MapInfo (2014). SITE AND PLAN

SR 66 HOVCHILD BLVD.

D. PREMIUM OUTLET BLV

ESSEX RD.

NORTH

GARDEN STATE PKWY. ESSEX RD.

GARDEN STATE PKWY.

NEW YORK SURROUNDING AREA CENTERS

Byram Center Prospect Park Oradell Miller Plac unt Hermon Pelham Eatons Neck Setauket-East Setauket Allamuchy Mount Arlington Lincoln Park Elmwood Park Larchmont Lloyd Harbor Boonton Lattingtown Centerport Stony Brook University Hope Netcong Rockaway Totowa Maywood Centre Island Singac Halesite Kings Park Selden Coram Great Meadows Victory Gardens Clifton Bogota Leonia Locust Valley St James ountain Lake North Caldwell 15 Gordon He Hackettstown Kenvil 15 Greenlawn Village of the Branch WallingtonPalisades Park Manorhaven East Norwich SURROUNDING AREA CENTERS geville Caldwell Commack Succasunna Morris Plains Brookdale25 Baxter Estates Glen Head Lake Ronkonkoma Y Buttzville Beattystown Essex Fells Edgewater South Huntington Glen Ridge 7 Munsey Park Greenvale Brookville Holtsville Med Simon Centers d Morristown 7 Dix Hills Islandia Port Murray Guttenberg Saddle Rock Estates2 Chester 2 Plainview Central Islip North Patchogue e Florham14 Park Silver Lake Harbor Hills33 Roslyn Heights Competition Port Colden Long Valley Mendham 14 Union3333 City 55 Madison 34 Herricks Short Hills East Newark Lake Success Old Bethpage Baywood Islip Terrace Blue Point Be Anderson Chatham Hoboken17 9Salisbury9 way 16 17 27 Floral Park 28 Hampton 16 Harrison 2222 27 North Babylon West Sayville Califon Peapack and Gladstone 12Jersey12 City South Floral Park28 East Farmingdale 1 Jersey Shore Premium Outlets® 35 32 Levittown Brightwaters Fire I Asbury Glen Gardner Far Hills New Providence 35 Malverne Park Oaks Kenilworth 32 North Merrick West Babylon 2 Americana Manhasset Valley Stream Amityville37 Babylon High Bridge Watchung Roselle Park Bayonne Seaford37 3 The Bay Terrace 20 New York 10 Baldwin Lebanon Fanwood 20Elizabeth Woodmere Ocean Beach Clinton Garwood Baldwin Harbor 4 Bridgewater Commons Hewlett Neck Gilgo Saltaire White House Station Martinsville Rahway Lawrence 5 Broadway Mall Green Knoll Carteret Point Lookout 4 Middlesex Iselin Avenel Harbor Isle 6 Brunswick Square Raritan 36 South Bound Brook Fords3838 7 City Place at the Promenade 19 Sewaren Weston Society Hill 19 8 Freehold Raceway Mall wn Perth Amboy Somerset Flemington Millstone 9 The Gallery at Westbury Plaza East Franklin South Amboy Belle Mead Six Mile Run 10 Green Acres Mall 31 Union Beach Harlingen 31Milltown Madison Park 11 The Grove at Shrewsbury Skillman North Middletown Ten Mile RunGriggstown Matawan Keyport 12 Hudson Mall 6 Leonardo Highlands Stockton Blawenburg Spotswood Hopewell Dayton Brownville Strathmore Navesink 13 Jackson Premium Outlets Kingston Helmetta Morganville Fair Haven Sea Bright Lambertville Princeton 30 14 Livingston Mall 24 Jamesburg Fairview New Hope 24 Robertsville 15 The Mall at Bay Plaza Plainsboro Center Red Bank11Monmouth Beach Pennington Rossmoor Yorketown 11 1818 Cranbury EatontownShrewsbury 16 The Mall at Short Hills Lawrenceville Englishtown 2626 East Freehold West21 Long Branch 17 Manhattan Mall Hightstown 21 Newtown Grant Freehold Oakhurst 18 Market Fair Mall Mercerville Twin Rivers 88 Tinton Falls Allenhurst ro Newtown West Freehold 19 Menlo Park Mall Yardley Robbinsville Roosevelt Trenton Ocean1 Grove Village Shires 20 The Mills at Jersey Gardens Morrisville Allentown Farmingdale Avon-By-the-Sea Langhorne Yardville2929 21 Monmouth Mall ville Bordentown 13 Lake Como Groveville 13 Vista Center Spring Lake Heights 22 Newport Centre n Hulmeville Fieldsboro 15 MILES Roebling Allenwood 23 Ocean County Mall Lakewood Ramtown HeightsBurlington Bristol Point Pleasant Beach 24 Palmer Square Princeton Beverly New Egypt Bay Head 30 MILES 25 The Promenade Shops at Clifton McGuire AFB Cedar Glen West Mantoloking 26 Quaker Bridge Mall Fort Dix Leisure Knoll Leisure Village East verton 27 Queens Center Juliustown Lakehurst 45 MILES Palmyra Dover Beaches North 28 Roosevelt Field Mall Pemberton 23 Lavallette Cedar Glen Lakes Silver Ridge23 tville 29 Shoppes at Hamilton Pemberton Heights Country Lake Estates Island Heights Seaside Heights South Toms River 30 Shoppes at Old Bridge isburg Presidential Lakes Ocean Gate Seaside Park Marlton Estates 31 The Shoppes of North Brunswick Leisuretowne Greentree 32 The Shops at Atlas Park Echelon Medford Lakes 33 Shops at Columbus Circle Nella Forked River 34 The Shops at Skyview Center od Berlin Waretown 35 South Street Seaport le Pine Valley 36 Staten Island Mall Barnegat Barnegat Light 37 Westfield Sunrise Chesilhurst Ocean Acres 38 Woodbridge Center Manahawkin Harvey Cedars Williamstown

Hammonton Beach Haven West Surf City Victory Lakes Ship Bottom Tuckerton North Beach Haven Collings Lakes Mystic Island Elwood Egg Harbor City Beach Haven Buena Port Republic OTHER RETAIL

SHOPPING CENTERS GROSS LEASABLE AREA ANCHORS DISTANCE / DRIVE-TIME

Monmouth Mall 1,500,000 sf Boscov’s, JCPenney, Lord & Taylor, Macy’s 7 miles / 12 minutes Eatontown, NJ

Freehold Raceway Mall JCPenney, Lord & Taylor, Macy’s, 1,600,000 sf 12 miles / 25 minutes Freehold, NJ Nordstrom, Sears

Shoppes at Old Bridge 106,000 sf Banana Republic, Gap, LOFT 22 miles / 24 minutes Old Bridge, NJ

Ocean County Mall® 898,000 sf Macy’s, Boscov’s, JCPenney, Sears 23 miles / 30 minutes Toms River, NJ

Menlo Park Mall Nordstrom, Macy’s, 1,332,000 sf 31 miles / 40 minutes Edison, NJ Fortunoff Backyard Store

Woodbridge Center Boscov’s, Dick’s Sporting Goods, 1,500,000 sf 32 miles / 40 minutes Woodbridge, NJ JCPenney, Lord & Taylor, Macy’s, Sears

OUTLET SHOPPING GROSS LEASABLE AREA ANCHORS DISTANCE / DRIVE-TIME

Jackson Premium Outlets® 286,000 sf 26 miles / 38 minutes Jackson, NJ

The Mills at Jersey Gardens Neiman Marcus Last Call, 1,296,000 sf 40 miles / 45 minutes Elizabeth, NJ Saks Fifth Avenue OFF 5TH

Liberty Village Premium Outlets® 162,000 sf 60 miles / 1 hour Flemington, NJ 60 Columbia Road Building B 3rd Floor Morristown, NJ 07960 (973) 228-6111 premiumoutlets.com

Simon is a global leader in retail real estate ownership, management and development and an S&P 100 company (Simon Property Group, NYSE:SPG).